Douglas Dynamics (PLOW) Tops Q4 EPS by 7c

Douglas Dynamics (NYSE: PLOW) reported Q4 EPS of $0.44, $0.07 better than the analyst estimate of $0.37. Revenue for the quarter came in at $130.1 million versus the consensus estimate of $131.81 million.

Consolidated Fourth Quarter Results

For the fourth quarter of 2016, net sales were $130.1 million, representing a 9.5% increase over fourth quarter 2015 net sales of $118.8 million. The increase reflects the addition of the Work Truck Solutions segment, which was partially offset by lower sales in the Work Truck Attachments segment.

Net income was $10.1 million, or $0.44 per diluted share based on weighted average shares of 22.5 million, in the fourth quarter of 2016 compared to net income of $15.1 million, or $0.66 per diluted share based on weighted average shares of 22.4 million, in the fourth quarter of 2015. The decrease in net income relates to the lower gross margins in the Work Truck Solutions segment compared to Work Truck Attachments.

For earnings history and earnings-related data on Douglas Dynamics (PLOW) click here.

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